Impediments to winding up SMSFs
There are some situations where an SMSF is no longer suitable or appropriate for its members....
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Could rent deferrals cause in-house asset issues for SMSFs?
My client’s SMSF owns business real property which it leases to a related party. The related party...
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Perils of vendor finance for non-geared entities
My client’s SMSF owns units in a non-geared related unit trust which owns property. The trust...
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My client has an SMSF which owns property via an LRBA. The debt has now been paid back. Is it compulsory to transfer title to the property from the LRBA bare trust to the fund?
No, but it may still be appropriate to do so depending on the fund’s future intentions. ...
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My SMSF owns premises which it leases back to my business. What do I need to do to make sure the arrangement complies with the superannuation law?
Approximately 10% of SMSFs own commercial property and often this commercial property is leased to...
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Does your SMSF own a residential investment property? Do you know what deductions are able to be claimed by the fund in connection with that property?
SMSFs can claim deductions for certain expenditure incurred by the fund provided the residential...
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A new opportunity to top up super for those over 65 – downsizer contributions
From 1 July 2017 it became much harder to build up more superannuation thanks to a tightening of...
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Daughter’s rental of residential property connected with SMSF didn’t breach sole purpose test, but that’s not the end of the story!
Last month’s Full Federal Court decision in the Aussiegolfa case [Aussiegolfa Pty Ltd (Trustee) v...
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Downsizer contributions and First Home Saver Superannuation Scheme (FHSSS) passed
The Bills necessary to make both the above measures law have now received Royal Assent. ...
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